Today's Asian trading hours have remained positive and the encryption market has continued to rise on the second day. At the time of writing this article, Bitcoin has surpassed 7,000 U.S. dollars, rising 2.3% on the day and trading at a price of 7,150 U.S. dollars. Whether this is just a small rebound and things will continue to be unclear. Altcoin had a higher volume of transactions in Asia this afternoon, with one outperforming Neo.
Coinmarketcap reports that Neo's trading price rose by 16% on that day and rose from $47 yesterday to $54.55. At this time last week, Ethereum in China rose 12% from $49 last week. However, in the past month, Neo's rise time has dropped from about 90 US dollars last month to about 40%. Neo is one of the worst performing altcoins in March. Compared with Bitcoin, it rose by 14% to 768,000 points from 673,000 at the same time yesterday. The price of Neo vs. BTC rose by 10% during the week.
The Neo team has been actively promoting some developer conferences and trips to Europe this month. As Neo has fallen so sharply in recent months, its recovery momentum may be stronger, which explains the current price behavior. Since the renaming of Antshares last year, Neo has seen strong growth in January's encryption wave and reached a high of US$195. Any good news from China is good news for Neo and implies that the People's Bank of China (PBoC) may be developing its own cryptocurrency, which is beneficial to the industry as a whole.
Neo is mainly traded on Binance, which accounts for almost 50% of the daily volume. Binance also awarded GAS to NEO holders, which is the reason for further encouraging the use of the exchange. Six hours earlier, daily sales jumped four times from about US$45 million to around US$200 million. The market value is currently 3.5 billion U.S. dollars and Neo is 9 th in the chart.
In the past 24 hours, the total market capitalization has increased by 3.8%, that is about 10 billion US dollars, and is currently 277 billion US dollars. Other small shareholders with stable trading in the Asian market include Ethereum, shares rose 8%, Qtum and Verge.
For more information about Neo, please visit: https://neo.org/
FOMO Moments is the daily top 25 altcoins in Asian trading hours and analyzes the best performing ones, looking for trends and fundamentals.